Accession in real estate refers to additions made to a property, either through the incorporation of fixtures or natural deposits, thereby enhancing its value over time.
Built-ins refer to appliances, machinery, and other equipment that are constructed as part of a building rather than being freestanding and movable. These items are typically considered real property upon the sale of real estate.
Leasehold improvements refer to any changes or additions made to a rental space by a tenant that are intended to enhance or adapt the space for their particular use. These modifications are typically attached to the property, involve investment in fixtures or installations, and must comply with the terms of the lease agreement.
